Home › Alibaba cloud unit sets sights on Amazon in US$1 billion global push
 

Keywords :   


Alibaba cloud unit sets sights on Amazon in US$1 billion global push

2015-07-30 06:52:25| IT Services - Topix.net

China's Alibaba Group said on Wednesday it would invest US$1 billion into its Aliyun cloud computing arm to challenge Amazon.com lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. With the global cloud computing market estimated by analysts to be worth about US$20 billion, Alibaba said in a statement the investment would go toward setting up new Aliyun data centres in the Middle East, Singapore, Japan and Europe .

Tags: global unit amazon sets

Category:Information Technology

Latest from this category

All news
»
06.10Glatfelter Develops Biobased Espresso Lid Material
06.10Tropical Storm Milton Potential Storm Surge Flooding Map
06.10Tropical Storm Milton Probabilistic Storm Surge Graphics
06.10Firms urge mayor to rethink congestion charge plan
06.10Tropical Storm Milton Public Advisory Number 5
06.10Summary for Tropical Storm Milton (AT4/AL142024)
06.10Tropical Storm Milton Graphics
06.10Tropical Storm Milton Graphics
More »